An investor with a $100,000 short-term capital loss carryover invests equal amounts in each of the following positions. Which one would have the greatest reduction to their capital loss carryover? Formulas Tax Tables Solution Calculator Municipal securities with a 5% coupon issued by their home state purchased at a 5% discount and held to par Municipal securities with a 5% coupon issued by their home state purchased at a 5% discount and sold at a premium A commercial non-qualified deferred fixed annuity with a 5% bonus and a guaranteed floor interest rate of 5% Domestic zero-coupon treasury securities purchased at a 5% discount and held to maturity with an imputed current yield of 5%